07/03/2010 00:00 AST
Danube Building Materials announced that its 50 million UAE dirhams ($13.6m) factory project in TechnoPark, which is designed to support the company's expansion plan in the coming years, is moving ahead full steam.
Upon its completion, the 1.3m square feet industrial complex will comprise seven state-of-the-art manufacturing facilities and a massive custom designed warehouse to store a wide range of structural steel and wood products.
The new facility, to be completed in phases, will be functional by early next year.
The seven specialised manufacturing facilities within the new factory complex include a melamine MDF pressing plant, impregnation and d?cor plyline facility, gypsum tile cutting plant, gypsum ceiling tile manufacturing plant, gypsum board stud and track plant, glass tempering and polishing plant and an aluminium profile manufacturing plant.
This follows the previous opening of a 365,000 sq/ft facility in Jafza South, which includes a high-class warehouse, kiln drying facility for seasoning of wood and high-tech joinery, to meet the exponential growth the company has been witnessing in the past few years.
"The new manufacturing facility in TechnoPark demonstrates our commitment to our customers in the Middle East," said Danube Building Material chairman Rizwan Sajan.
"In the last five years Danube has demonstrated robust growth and the company will continue on the same growth trajectory and meet increasing regional demand. In addition to increasing our manufacturing capabilities, we also intend to expand our retail presence in the region and have planned 10 new 'BUILDMART' branches in 2010."
Danube Group started its operations in 1993, and in 2001 moved to Jafza and established its 285,000 sq/ft state-of-the-art head office at the free zone, which houses its global headquarters and a well-equipped modern logistics facility.
In the last five years, the group has achieved four-fold growth in its turnover as well as in revenue, and last year, despite recession and severe slump in the construction and real estate markets in Dubai and the region, the company posted annual revenue of 1.1 billion dirhams.
Today, the group is one of the fastest growing construction and building materials companies in the Middle East, boasting of 18 branches worldwide - 13 in the UAE, two in Oman, one each in Bahrain, Saudi Arabia and India, in addition to procurement offices in China and Canada.
Gulf Daily News
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